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NEW YORK: Billionaire Elon Musk said on Sunday the Federal Reserve needs to cut interest rates and that it was foolish for the US central bank not to have done so already.
Musk’s comment, which was made in response to a post on the social media site X, followed a run of weak data last week that has sparked worries the Fed may have left interest rates elevated for too long, resulting in damage to the economy.
| Currency | Rate |
|---|---|
|
USD PKR Interbank Selling
/ Oct 2
|
277.27
|
|
USD PKR Interbank Buying
/ Oct 2
|
277.07
|
|
USD to Japanese Yen
/ Oct 2
|
157.82
|
|
USD to Swiss Franc
/ Oct 2
|
0.83
|
|
Pound Sterling to USD
/ Oct 2
|
1.32
|
|
Euro to USD
/ Oct 2
|
1.12
|
|
SOFR %
/ Oct 1
|
3.87
|
| Stock | Volume |
|---|---|
|
S&P 500
/ Oct 1
|
7,666.45
|
|
India Sensex
/ Oct 1
|
71,909.70
|
|
Nasdaq
/ Oct 1
|
26,871.60
|
|
Dow Jones
/ Oct 1
|
50,926.56
|
|
Tokyo Nikkei
/ Oct 2
|
68,326.72
|
|
Hang Seng
/ Oct 2
|
24,012.97
|
|
FTSE 100
/ Oct 2
|
10,443.98
|
|
Germany DAX 30
/ Oct 2
|
24,999.92
|
|
France CAC40
/ Oct 2
|
7,858.85
|
| Item | Value |
|---|---|
|
Crude Oil USD/Barrel
/ Oct 2
|
92.52
|
|
Karachi Cotton PKR/37.32 KG
/ Oct 2
|
18,280
|
|
Gold 10 Grams PKR
/ Oct 2
|
377,774
|
|
Gold Spot USD/Ounce
/ Oct 2
|
4,189.29
|
|
Cotton US¢/pound
/ Oct 2
|
77.51
|
|
Petrol/Litre
/ Oct 3
|
392.76
|
|
Diesel/Litre
/ Oct 3
|
399.64
|
| Stock | Price |
|---|---|
|
Dewan Sugar
/ Oct 2
Dewan Sugar Mills Limited(DWSM)
|
7.21
▲ 1
(16.1%)
|
|
Burj Clean Energy Modaraba
/ Oct 2
Burj Clean Energy Modaraba(GEM)(GEMBCEM)
|
12.38
▲ 1.13
(10.04%)
|
|
Apna Microfin.
/ Oct 2
Apna Microfinance Bank Limited(AMBL)
|
19.88
▲ 1.81
(10.02%)
|
|
Dandot Cement
/ Oct 2
Dandot Cement Company Limited(DNCC)
|
19.87
▲ 1.81
(10.02%)
|
|
D.S. Ind. Ltd.
/ Oct 2
D.S. Industries Limited(DSIL)
|
17.25
▲ 1.57
(10.01%)
|
|
Arpak Int.
/ Oct 2
Arpak International Investments Ltd.(ARPAK)
|
141.82
▲ 12.89
(10%)
|
|
First Imrooz Mod.
/ Oct 2
First Imrooz Modaraba(FIMM)
|
315.63
▲ 28.69
(10%)
|
|
Mandviwala
/ Oct 2
Mandviwala Mauser Plastic Industries(MWMP)
|
93.26
▲ 8.48
(10%)
|
|
Noon Sugar
/ Oct 2
Noon Sugar Mills Limited(NONS)
|
87
▲ 7.91
(10%)
|
|
Popular Islamic
/ Oct 2
Popular Islamic Modaraba(PIM)
|
72.16
▲ 6.56
(10%)
|
| Stock | Price |
|---|---|
|
F.Credit & Inv
/ Oct 2
First Credit and Investment Bank Limited(FCIBL)
|
35.70
▼ -3.97
(-10.01%)
|
|
Ashfaq Textile
/ Oct 2
Ashfaq Textile Mills Limited(ASHT)
|
40.96
▼ -4.55
(-10%)
|
|
Asim Textile
/ Oct 2
Asim Textile Mills Limited(ASTM)
|
112.10
▼ -12.46
(-10%)
|
|
Buxly Paints
/ Oct 2
Buxly Paints Limited(BUXL)
|
418.57
▼ -46.51
(-10%)
|
|
First Tri-Star Mod.
/ Oct 2
First Tri-Star Modaraba(FTSM)
|
39.63
▼ -4.4
(-9.99%)
|
|
First Punjab Modaraba
/ Oct 2
First Punjab Modaraba(FPJM)
|
23.53
▼ -2.61
(-9.98%)
|
|
Dadex Eternit
/ Oct 2
Dadex Eternit Limited(DADX)
|
130.10
▼ -14.08
(-9.77%)
|
|
Mughal Energy
/ Oct 2
Mughal Energy Limited(GEM)(GEMMEL)
|
37.25
▼ -3.84
(-9.35%)
|
|
Sindh Modaraba
/ Oct 2
Sindh Modaraba(SINDM)
|
33.10
▼ -3.23
(-8.89%)
|
|
Barkat Frisian Agro
/ Oct 2
Barkat Frisian Agro Limited(BFAGRO)
|
28.50
▼ -2.72
(-8.71%)
|
| Stock | Volume |
|---|---|
|
F. Nat.Equities
/ Oct 2
First National Equities Limited(FNEL)
|
41,237,338
▲ 0.01
|
|
WorldCall Telecom
/ Oct 2
Worldcall Telecom Limited(WTL)
|
37,879,624
▲ 0
|
|
D.S. Ind. Ltd.
/ Oct 2
D.S. Industries Limited(DSIL)
|
29,509,030
▲ 1.57
|
|
First Punjab Modaraba
/ Oct 2
First Punjab Modaraba(FPJM)
|
28,164,214
▼ -2.61
|
|
Kohinoor Spinning
/ Oct 2
Kohinoor Spinning Mills Limited(KOSM)
|
25,036,855
▼ -0.26
|
|
K-Electric Ltd.
/ Oct 2
K-Electric Limited(KEL)
|
23,301,678
▼ -0.09
|
|
Pak Int.Bulk
/ Oct 2
Pakistan International Bulk Terminal(PIBTL)
|
22,009,408
▼ -0.48
|
|
Cnergyico PK
/ Oct 2
Cnergyico PK Limited(CNERGY)
|
20,747,669
▼ -0.23
|
|
Pak Refinery
/ Oct 2
Pakistan Refinery Limited(PRL)
|
17,775,295
▼ -0.33
|
|
Tasdeeq Info. Serv.
/ Oct 2
Tasdeeq Information Services Limited(TISL)
|
12,225,150
▼ -0.09
|
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